(Alliance News) – Mosman Oil & Gas Ltd. It announced on Monday that it is a long-term lead for a seismic acquisition project at its project EP 145 in Australia.
Mosman is an oil exploration, development and production company based in the United States and Australia.
The company said its latest farm deal for the project was with Greenvale Gold Pty Ltd. Still subject to ministerial approval, the bond of variation will fund the costs until it is completed if Greenvale recovers the approved costs.
Mossman has now committed to start acquiring long lead seismic acquisition lines. The project is planned for the first half of this year. Results are expected by the end of the third permit year in August 2024 and drilling is planned for the next permit year.
Shares in Mosman Oil & Gas were trading 0.6% higher at 0.017p in London on Monday afternoon.
Holly Beveridge, Alliance News Correspondent
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